Abstract
This paper reviews the literature on green credit, and has a further understanding of the basic concepts of green credit and profitability of commercial banks, as well as the development status of green credit in China in recent years. Based on empirical data analysis, supplemented by theoretical analysis, this paper makes an empirical analysis of the impact of green credit on the profitability of China’s commercial banks. Finally, according to the results of the empirical analysis, the corresponding opinions and suggestions are given.
Highlights
A brand-new credit policy "Opinions on Implementing Environmental Protection Policies and Regulations to Guard against Credit Risks" means that green credit has become an economic means
Wang Xianju [6] believes that an in-depth study of the policy environment and difficulties for commercial banks to implement green credit is of great significance to the development of banks
Shen Xiaohui [10] through empirical analysis shows that the implementation of green credit by commercial banks is conducive to the sustainable development of society and economy, and conducive to their own development
Summary
A brand-new credit policy "Opinions on Implementing Environmental Protection Policies and Regulations to Guard against Credit Risks" means that green credit has become an economic means. According to this economic measure, most banks have introduced a green credit mechanism to provide more and more support for energy-saving projects. If commercial banks can vigorously implement the green credit policy at this stage, it will provide strong support to China's environment-friendly enterprises, realize financial support to low-carbon and low-pollution industries, promote the transformation and development of enterprises, and further promote the realization of sustainable development goals. The implementation of green credit is an important way for commercial banks to fulfill their social responsibilities, and a theoretical basis and way for them to enhance their international competitiveness, acquire green reputation and realize sustainable development
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